SB3383sam001 96TH GENERAL ASSEMBLY

Sen. Jeffrey M. Schoenberg

Filed: 3/10/2010

09600SB3383sam001 LRB096 20407 RCE 38668 a

AMENDMENT TO SENATE BILL 3383

AMENDMENT NO. ______. Amend Senate Bill 3383 as follows:

on page 4, line 13, after "entities", by inserting "to"; and

on page 4, line 24, after the period, by inserting "The Authority shall charge a reasonable fee to the qualified providers in connection with the origination of the loans."; and

on page 5, line 17, after the period, by inserting "The Authority shall charge a reasonable fee and shall be paid its costs of issuance in connection with its issuance of the bonds."; and

on page 5, lines 19 and 20, by replacing "one and one-half percent" with "2%"; and

on page 6, line 7, by replacing "and (ii)" with "and (iii); and

on page 7, line 16, by replacing "Distressed" with "Financially Distressed"; and

on page 7, line 19, by replacing "Distressed" with "Financially Distressed" and

on page 12, by replacing lines 20 through 23 with "shall be paid into the School Infrastructure Fund; then, if"; and

on page 14, line 3, by replacing "Fund;" with "Fund; then, from the moneys remaining, all unsatisfied amounts certified under Section 6z-82 of the State Finance Act shall be paid into the Financially Distressed Provider Debt Service Fund;".